NII Has Brazil’s Support for Unicel Acquisition, Folha Says

By Andre Soliani -
Nov 11, 2012

NII Holdings Inc. (NIHD), which sells
wireless service under the Nextel brand in Latin America, has
the support of the Brazilian government to purchase Unicel do
Brasil Telecomunicacoes Ltda, Folha de Sao Paulo reported,
without saying where it obtained the information.

The acquisition, which may cost 370 million reais ($181
million), would allow NII to compete with larger Brazilian
rivals such as Telefonica Brasil SA and Tim Participacoes SA (TIMP3),
the Sao Paulo-based newspaper said.